Cano Health Balance Sheet Health
Financial Health criteria checks 2/6
Cano Health has a total shareholder equity of $-535.0M and total debt of $1.2B, which brings its debt-to-equity ratio to -216.3%. Its total assets and total liabilities are $1.0B and $1.5B respectively.
Key information
-216.3%
Debt to equity ratio
US$1.16b
Debt
Interest coverage ratio | n/a |
Cash | US$93.92m |
Equity | -US$535.00m |
Total liabilities | US$1.55b |
Total assets | US$1.01b |
Recent financial health updates
Recent updates
Cano Health: Common Shareholders Likely To Be Wiped Out In Bankruptcy
Feb 06Cano Health: Bankruptcy Likely After Dismal Q2 Results And Debt Covenant Violations
Aug 11Cano Health: CEO Departure Could Be Constructive, New Skipper More So
Jun 20Cano Health: Key Shareholder Meeting Looms, Stock Undervalued But Volatile
Jun 09Analyst Estimates: Here's What Brokers Think Of Cano Health, Inc. (NYSE:CANO) After Its First-Quarter Report
May 12Investors Holding Back On Cano Health, Inc. (NYSE:CANO)
Apr 19Cano Health gains amid CVS deal to acquire Oak Street for $10.6 billion
Feb 08Cano Health rides on coattails of Oak Street, CVS interest; up 36% in last two sessions
Jan 10Cano Health moved to underperform at BofA on financial uncertainty
Dec 13Cano Health GAAP EPS of -$0.23, revenue of $665.02M
Nov 09Financial Position Analysis
Short Term Liabilities: CANO.Q has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.
Long Term Liabilities: CANO.Q has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.
Debt to Equity History and Analysis
Debt Level: CANO.Q has negative shareholder equity, which is a more serious situation than a high debt level.
Reducing Debt: CANO.Q's has negative shareholder equity, so we do not need to check if its debt has reduced over time.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: CANO.Q has sufficient cash runway for 8 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: CANO.Q is forecast to have sufficient cash runway for 6 months based on free cash flow estimates, but has since raised additional capital.